The Business Times: Blue chips weigh on markets

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• Blue chips weigh on markets
• Nov 14: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up
• SBV to organise meeting with 14 large commercial banks
• Nov 14: Vietnam gold rises to vnd36.54mln/tael, dollar stable
• Oceanbank to offer 135m shares
• SBV Cao Bang: Positive outcomes of capital mobilisation
• Local banks unable to tap foreign sector market
• Credit institutions urged to handle bad debts
• VND5 trillion is planned to offset interest rate differences in 2014

Blue chips weigh on markets Posted: 13 Nov 2013 09:03 PM PST Shares extended Tuesday’s losses, closing down on both national stock exchanges yesterday following heavy sales of blue chips. On the HCM City Stock Exchange, the VN-Index lost 0.3 per cent to close at 496.12 points. The VN30, representing the performance of the bourse’s 30 largest shares, slid 0.36 per cent to 553.09 points as most [...] The post Blue chips weigh on markets appeared first on Vietnam Business News.

Nov 14: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up Posted: 13 Nov 2013 08:56 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Thursday, unchanged for more than 4 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, commercial banks raised dollar prices [...] The post Nov 14: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up appeared first on Vietnam Business News.

SBV to organise meeting with 14 large commercial banks Posted: 13 Nov 2013 08:50 PM PST If unchanged, Governor of the State Bank of Vietnam (SBV) will chair the meeting with 14 large commercial banks that used to be called "G14″ this week…. 14 banks include Vietcombank, VietinBank, BIDV, Agribank, ACB, Eximbank, Sacombank, Techcombank, MB, Maritime Bank, VPBank, VIB, SeABank and SHB. The meeting aims to evaluate credit growth situation in [...] The post SBV to organise meeting with 14 large commercial banks appeared first on Vietnam Business News.

Nov 14: Vietnam gold rises to vnd36.54mln/tael, dollar stable Posted: 13 Nov 2013 08:50 PM PST This morning, Vietnam gold was traded up by VND80,000/tael from yesterday close to VND36.54 million/tael, following the world suit. Hochiminh was traded at VND36.48 million/tael for bid and VND36.54 million/tael for ask respectively as of 10:15 am, Hanoi time. SJC in the North quoted at VND36.48 million/tael for bid and VND36.54 million/tael for ask. Techcombank [...] The post Nov 14: Vietnam gold rises to vnd36.54mln/tael, dollar stable appeared first on Vietnam Business News.

Oceanbank to offer 135m shares Posted: 13 Nov 2013 07:50 PM PST Ocean Commercial Joint Stock Bank (Oceanbank) is going to issue 135 million shares with the lowest asking price of 10,000 dong per share. Of which, the bank will offer 100 million shares for sale to existing shareholders under right implementation method at 4:1 and 35 million shares to strategic shareholders. Strategic partners are people meeting [...] The post Oceanbank to offer 135m shares appeared first on Vietnam Business News.

SBV Cao Bang: Positive outcomes of capital mobilisation Posted: 13 Nov 2013 07:23 PM PST Located in a mountainous province with a lot of economic difficulties, the State Bank of Vietnam Cao Bang has made best efforts to stabilize and develop the socio-economy to help Cao Bang keep pace with rapid economic growth of other provinces. Maintain stability and develop credit As reported by the SBV Cao Bang branch, since [...] The post SBV Cao Bang: Positive outcomes of capital mobilisation appeared first on Vietnam Business News.

Local banks unable to tap foreign sector market Posted: 13 Nov 2013 06:52 PM PST Local banks have failed to use foreign invested firms to improve their credit growth figures, and experts say they are hampered by less competitive interest rates and limited range of services…. Hoang Van Thanh, chief accountant with Japanese-owned copper rod producer CFT, said his firm could borrow up to US$40 million from a Japanese bank [...] The post Local banks unable to tap foreign sector market appeared first on Vietnam Business News.

Credit institutions urged to handle bad debts Posted: 13 Nov 2013 06:48 PM PST The State Bank of Vietnam has issued a document on the implementation of the Prime Minister's decision on dealing with credit institutions' bad debts and the establishment of the Vietnam Asset Management Company. Under the document, the central bank requires credit institutions to basically handle current bad debts by the end of 2015 and improve [...] The post Credit institutions urged to handle bad debts appeared first on Vietnam Business News.

VND5 trillion is planned to offset interest rate differences in 2014 Posted: 13 Nov 2013 06:37 PM PST Approximately VND 5 trillion from budget expenditure plan in 2014 will be spent to offset interest rate differences for the Social Policy Bank and Development Bank of Vietnam, local newswire Tri Thuc Tre reported. The number is within State budget plan and allocation plan in 2014 which has just been reported by the National Assembly's [...] The post VND5 trillion is planned to offset interest rate differences in 2014 appeared first on Vietnam Business News.

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